Teclezion, Mussie - In: Managerial Finance 38 (2012) October, pp. 977-992
financially constrained and financially non-constrained firms, industrial diversification reduces propensity of firms to save cash …/value – The paper tests, empirically, whether international and industrial diversification strategies affect the propensity of … alleviates or exacerbates firm's propensity to save cash out of its cash flows. Findings – Evidence is found that industrial …